Saving on a Valuable Education (SAVE) plan
GPTKB entity
Statements (18)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
Student Loan
|
| gptkbp:administeredBy |
gptkb:U.S._Department_of_Education
|
| gptkbp:announced |
gptkb:Joe_Biden
2023 |
| gptkbp:appliesTo |
federal student loans
|
| gptkbp:eligibility |
Direct Loan borrowers
|
| gptkbp:forgivenessPeriod |
10 years for balances under $12,000
20 or 25 years for higher balances |
| https://www.w3.org/2000/01/rdf-schema#label |
Saving on a Valuable Education (SAVE) plan
|
| gptkbp:interestBenefit |
unpaid interest not added to balance if payments made
|
| gptkbp:monthlyPaymentBasedOn |
discretionary income
|
| gptkbp:monthlyPaymentPercentage |
10% for graduate loans
5% for undergraduate loans |
| gptkbp:replacedBy |
income-driven repayment plans
Revised Pay As You Earn (REPAYE) plan |
| gptkbp:website |
https://studentaid.gov/announcements-events/save-plan
|
| gptkbp:bfsParent |
gptkb:Revised_Pay_As_You_Earn_(REPAYE)
|
| gptkbp:bfsLayer |
7
|